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China’s Slow Economic Growth Hitting The Trade Flows Of RCEP Nations

BY SUBRATA MAJUMDER Business tycoon Gautam Adani jeered at China’s global powerhouse, lamenting China was increasingly isolated, owing to protectionism and shift insupply chain. Given these, RCEP (Regional Cooperation of Economic Partnership), which is driven by China, is in tailspin. Nearly one third ofChina’s global trade is shared by RCEP. RCEP is the world’s biggest … Read more

Global economic growth may slow down to 3% in 2022, 2.2% in 2023: OECD

Global economic growth is projected at a modest 3 per cent in 2022 before slowing further to just 2.2 per cent in 2023, according to the Organisation for Economic Co-operation and Development (OECD). This is well below the pace of economic growth projected prior to the war and represents around $2.8 trillion in foregone global … Read more

World economy to slow, ‘paying the price of war’: OECD – Manila Bulletin

PARIS, France — The world economy will take a bigger hit than previously forecast next year due to the effects of Russia’s war in Ukraine, the OECD said Monday. In a bleak report titled “paying the price of war”, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was … Read more

World economy to slow, ‘paying the price of war’: OECD

The world economy will take a bigger hit than previously forecast next year due to the effects of Russia’s war in Ukraine, the Organisation for Economic Co-operation and Development (OECD) said Monday. In a bleak report titled “paying the price of war”, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost … Read more

Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: ADB

The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7% from its earlier projection of 5.8%. The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7% from its earlier projection of 5.8%. With … Read more

Russia-Ukraine Conflict, Inflation Effects To Slow Down Rwanda’s Economic Growth In 2022 – KT PRESS

The Kigali Special Economic Zone. The World Bank Rwanda Economic Update report dubbed “Boosting Exports Through Technology, Innovation and Trade in Services” says manufacturing and exports can cushion the economy from external shocks. A recent report released by the World Bank says that after a strong economic recovery last year, Rwanda’s GDP growth is expected … Read more

Tightening financial conditions will slow global economic growth and inflation

Recognizing that high inflation will not quietly go away, the world’s major central banks are toughening their policies. Gradualism has given way to super-sized interest rate increases and a clearer resolve to restrain actual and expected inflation, despite adverse economic consequences. The more hawkish rhetoric and policy actions have unsettled financial markets, driving up … Read more

Torture in slow motion: The economic blockade of Yemen and its grave humanitarian consequences – Yemen

Attachments Yemen: Naval blockade can amount to torture, a new report argues The naval blockade imposed on Yemen by a Saudi-led coalition has substantially contributed to pushing Yemeni civilians into starvation and can be considered torture, the World Organisation Against Torture (OMCT) said in a report published today. “The tens of thousands of civilians who … Read more

Pakistan’s economy to slow down to 3.5% in FY23: ADB

Pakistan’s economy is forecast to slow to 3.5 percent in fiscal year 2023 amid devastating floods, policy tightening, and critical efforts to tackle sizable fiscal and external imbalances, the Asian Development Bank (ADB) said in a report released Wednesday. The slowdown has been predicted even as growth in FY2022 is expected to have reached 6.0%. … Read more